Catering and Food Service Contractor Market, by Application (Corporate, Industrial, Hospitality Services, Healthcare, Educational Institutions, Sports & Leisure and Others) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
- Report code : CMI162429 |
- Industry :
Food and Beverages
- Published On : Jan 2019 |
- Pages : 199 Pages |
- Format :
Global Catering and Food Service Contractor Market – Insights
Catering is a very critical part of the business, especially for network carriers serving long distances. Meal design and meal planning are important processes of catering services. According to International Air Transport Association (IATA), catering planning and catering operations are important areas of activities of catering services. Growing tourism industry is one of the major factors driving growth of the global catering and food service contractor market. According to the Our World in Data, in 2014, international tourist arrivals across regions including Europe, the Americas, Asia Pacific, Africa, and Middle East was 1.14 billion, which increased to 1.24 billion in 2016.
Moreover, increasing preference for mini buffets is also expected to propel growth of the global catering and food service contractor market. Mini meals are convenient and are packed in disposable trays, which are then dropped off at desired locations. Such meals are significantly preferred for smaller gatherings or when there are space constraints. Moreover, hassle-free set-up of mini buffets has led their increasing adoption compared to normal buffet counterparts.
However, increasing number of online food delivery services is a major restraining factor for growth of the global catering and food service market. Online food services make ordering process easier and convenient, maintain cost transparency including price along with other taxes to be charged, and monitor expenses incurring in real-time. These services enable customers to order through mobile app and explore various options of food without the intervention of contractors. The major competitors of the global catering and foodservice contractors pertaining to online food delivery services include, Food Matters, Zomato, Swiggy, UberEats, Foodpanda, Deliveroo, and others.
Figure 1. Global Catering and Food Service Contractor Market Share, By Application, 2017
Source: Coherent Market Insights, 2017-18
Europe is expected to witness significant market share during the forecast period in the global catering and food service contractor market. Market growth in the region is attributed to increasing number of merger and acquisition activities in the region. For instance, in 2017, CH&Co Group and Harbour & Jones merged, which brought the turnover of US$ 299.46 million. The merger of both the companies was aimed to offer catering services across the U.K. and Ireland. Prior to this, in 2015, Harbour & Jones acquired PCC Ltd along with its two brands namely Fare of London and Principals Catering. The deal made the turnover of over US$ 55.48 million. Therefore, increasing M&A activities in Europe is expected to boost the market growth in terms of revenue.
Asia Pacific is expected to account for a significant market share over the projected period in the global catering and food service contractor market. This is majorly attributed to stringent regulations in the region that promote people towards healthy eating. For instance, In April 2017, the Government of Singapore introduced Whole-of-Government (WOG) Healthier Catering Policy. The policy was introduced to encourage healthier eating at homes, workplaces, and communities in Singapore. According to the policy, government entities in Singapore will be provided with healthy food and drinks at the government organized functions, conferences, trainings, and meetings.
Figure 2. Global Catering and Food Service Contractor Market Share (%), By Region, 2017
Source: Coherent Market Insights, 2017-18
Key players in the market are focused on expanding their businesses via establishing subsidiaries. For instance, in June 2018, Neo Group Limited announced the establishment of its wholly-owned subsidiary, Chilli Manis Catering Pte. Ltd., in the Republic of Singapore. The subsidairy aims to work for food establishments, catering, and manufacturing of cooked-food preparations.
Key players operating in the global catering and food service contractor include, Compass Group Plc., Sodexo, Aramark Corporation, Elior Group, Delaware North, Westbury Street Holdings, Ovations Food Services, Thompson Hospitality, Dine Contract Catering, Olive Catering Services, and others.
The catering and foodservice contractor market is currently driven by the consumer’s inclination towards health and wellness. The rising awareness towards healthy eating is forcing catering and food service companies to provide healthier options in their food menu. According to the Global Wellness Institute, in 2015, the global wellness economy accounted for $3.7 trillion market which increased to $4.2 trillion market by the end of 2017. The market includes the healthy eating, Nutrition and Weight loss sector which accounted for $702 billion of total global wellness economy in 2017.
Market Dynamics
Increasing preference of sustainable diet is a significant factor for the catering and food service contractor market growth. Sustainable diet refers to healthy diet followed by people by taking into consideration its impact on ecosystems and biodiversity. Sustainable foods such as vegetables and fruits are economically fair and are nutritious. Menus provided by caterers are expected to include foods, which are gluten free, flourless, mushroom-less, and shell-fish free.
Furthermore, key players in the market are focusing launching online catering services in order to enhance their market share. For instance, Caterspot offers online catering services from registration, order processing, deciding of meals till cancellation, if required. The company facilitates services of partner caterers and does not offer catering services itself.
Key features of the study:
- This report provides in-depth analysis of catering and food service contractor market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global catering and food service contractor market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
- Key companies covered as a part of this study include, Compass Group Plc., Sodexo, Aramark Corporation, Elior Group, Delaware North, Westbury Street Holdings, Ovations Food Services, Thompson Hospitality, Dine Contract Catering, Olive Catering Services, and others
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
- The global catering and food service contractor market report caters to various stakeholders in this industry including investors, suppliers, catering and food service contractors, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the catering and food service contractor market
Detailed Segmentation:
- Global Catering and Food Service Contractor Market, By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Global Catering and Food Service Contractor Market, By Geography:
- North America
- U.S.
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Canada
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Europe
- U.K.
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Germany
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Italy
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- France
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Russia
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Rest of Europe
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Asia Pacific
- China
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- India
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Japan
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- ASEAN
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Australia
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- South Korea
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Rest of Asia Pacific
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Latin America
- Brazil
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Mexico
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Rest of Latin America
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Middle East
- GCC
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Israel
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Rest of Middle East
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Africa
- Northern Africa
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Central Africa
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- South Africa
- By Application:
- Corporate
- Industrial
- Hospitality Services
- Healthcare
- Educational Institutions
- Sports & Leisure
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Company Profiles
- Compass Group Plc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Sodexo
- Aramark Corporation
- Elior Group
- Delaware North
- Westbury Street Holdings
- Ovations Food Services
- Thompson Hospitality
- Dine Contract Catering
- Olive Catering Services
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Application
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Catering and Food Service Contractor Market, By Application, 2018- 2026 (US$ Billion)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018 - 2026
- Segment Trends
- Corporate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Hospitality Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Educational Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Sports & Leisure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Others (Defense, Airports, Offshore, Remote, etc.,)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)
- Global Catering and Food Service Contractor Market, By Region, 2018- 2026 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 - 2026
- North America
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- U.S.
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- U.K.
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- France
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- China
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- India
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Japan
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- ASEAN
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Australia
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- South Korea
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Latin America
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- Brazil
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Mexico
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Middle East
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- GCC
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Israel
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Africa
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2026
- Northern Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Central Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- South Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Compass Group Plc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Sodexo
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Aramark Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Elior Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Delaware North
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Westbury Street Holdings
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Ovations Food Services
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Thompson Hospitality
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Dine Contract Catering
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Olive Catering Services
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
* Browse 105 market data tables* and 40 figures* on "Global Catering and Food Service Contractor Market” - Global forecast to 2026.
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.